"We have averted the risk of bankruptcy," Mr Anastasiades said on Friday. "The situation, despite the tragedy of it all, is contained."

He told a meeting of civil servants: "We have no intention of leaving the euro."

But he accused other members of the eurozone of making "unprecedented demands that forced Cyprus to become an experiment".

Cyprus needs to raise 5.8bn euros ($7.4bn; £4.9bn) to qualify for the bailout, and has become the first eurozone member country to bring in capital controls to prevent a torrent of money leaving the island and credit institutions collapsing.

As well as a daily withdrawal limit of 300 euros, Cypriots may not cash cheques and those leaving the country will only be allowed to take 1,000 euros with them.

Depositors with more than 100,000 euros will see some of their savings exchanged for bank shares.

Foreign Minister Ioannis Kasoulides said on Thursday that such controls could gradually be lifted over the course of the month.

But many economists predict the controls could be in place for much longer.